Bank of England 0.5% rate hike: What it means for mortgages and savings
The Bank of England has today increased base rate by 0.5 percentage points to 2.25% as it continues to try and dampen runaway inflation.
Source: dailymail.co.uk
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The Bank of England has today increased base rate by 0.5 percentage points to 2.25% as it continues to try and dampen runaway inflation.
Markets are showing little sign of proving recession fears wrong, as the FTSE 100 - which is made up of some of the country's biggest companies - ended the day down by 78.12 points, or 1.08 per cent.
The amount Britons are savings appears to be falling dramatically, according to the latest analysis by Paragon Bank.